Paragon Financial Partners Inc. Reduces Stock Holdings in iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

Paragon Financial Partners Inc. reduced its position in iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,448 shares of the company’s stock after selling 417 shares during the quarter. iShares U.S. Medical Devices ETF makes up about 0.8% of Paragon Financial Partners Inc.’s investment portfolio, making the stock its 21st biggest holding. Paragon Financial Partners Inc.’s holdings in iShares U.S. Medical Devices ETF were worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IHI. Nations Financial Group Inc. IA ADV boosted its stake in iShares U.S. Medical Devices ETF by 1.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,628 shares of the company’s stock valued at $1,059,000 after purchasing an additional 186 shares during the period. Clear Creek Financial Management LLC lifted its position in shares of iShares U.S. Medical Devices ETF by 1.0% in the 1st quarter. Clear Creek Financial Management LLC now owns 18,360 shares of the company’s stock worth $1,076,000 after acquiring an additional 188 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 2.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,788 shares of the company’s stock worth $492,000 after purchasing an additional 189 shares in the last quarter. Gallacher Capital Management LLC raised its stake in shares of iShares U.S. Medical Devices ETF by 2.0% in the first quarter. Gallacher Capital Management LLC now owns 9,632 shares of the company’s stock valued at $564,000 after purchasing an additional 190 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in iShares U.S. Medical Devices ETF by 0.3% in the second quarter. Continuum Advisory LLC now owns 55,700 shares of the company’s stock worth $3,121,000 after purchasing an additional 193 shares during the period.

iShares U.S. Medical Devices ETF Stock Performance

Shares of NYSEARCA:IHI opened at $58.72 on Wednesday. The company has a market capitalization of $5.55 billion, a PE ratio of 35.18 and a beta of 0.83. The company’s fifty day moving average is $56.32 and its 200-day moving average is $56.45. iShares U.S. Medical Devices ETF has a 52 week low of $43.96 and a 52 week high of $59.14.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.